Company Registration No. 02196296 (England and Wales)
Reachbranch Services Limited
Unaudited abbreviated financial statements
For the year ended 31 March 2016
REACHBRANCH SERVICES LIMITED
Reachbranch Services Limited
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
REACHBRANCH SERVICES LIMITED
Reachbranch Services Limited
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2016
31 March 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
269
403
Current assets
Debtors
14,579
36,000
Cash at bank and in hand
93
12,800
14,672
48,800
Creditors: amounts falling due within one year
(9,725)
(18,626)
Net current assets
4,947
30,174
Total assets less current liabilities
5,216
30,577
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
5,116
30,477
Shareholders' funds
5,216
30,577
For the financial year ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 16 June 2016
Dr M Cullinan
Director
Company Registration No. 02196296
REACHBRANCH SERVICES LIMITED
Reachbranch Services Limited
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of value added tax.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Short leashold premises
over the unexpired term of the lease
Fixtures, fittings & equipment
25% reducing balance
2
Fixed assets
Tangible assets
£
Cost
At 1 April 2015 & at 31 March 2016
58,313
Depreciation
At 1 April 2015
57,910
Charge for the year
134
At 31 March 2016
58,044
Net book value
At 31 March 2016
269
At 31 March 2015
403
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
100 Ordinary shares of £1 each
100
100
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